According to Michael Arrington, the popular video sharing site YouTube has signed an agreement to be acquired. An update on the post mentions that the rumor is highly speculative, but interesting nonetheless:
Whoever the buyer may be, it’s not News Corp. They have confirmed directly to me it has not acquired YouTube.
YouTube raised $3.5 million in venture capital just three months ago from Sequoia. It was founded in February 2005.
I remember early last year when I first discovered YouTube – there was almost nothing on the site! My how things have changed. YouTube has been quite popular in the blogosphere lately, as news has spread that their traffic is pretty amazing and by some measures has overtaken Flickr. Speaking of Flickr, my guess for the potential suitor is Yahoo – they’ve been on a Web 2.0 buying spree lately, so I wouldn’t be surprised at all if they picked up YouTube as well.
I’ll be keeping an eye on this rumor for sure!